RFG Advisory LLC Acquires 3,341 Shares of Netflix, Inc. (NASDAQ:NFLX)

RFG Advisory LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 98.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,731 shares of the Internet television network's stock after buying an additional 3,341 shares during the quarter. RFG Advisory LLC's holdings in Netflix were worth $6,277,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NFLX. Capital & Planning LLC bought a new stake in Netflix in the 4th quarter worth about $809,000. Brighton Jones LLC increased its holdings in Netflix by 5.0% in the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock worth $4,804,000 after buying an additional 257 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Netflix in the 4th quarter worth about $12,212,000. Revolve Wealth Partners LLC increased its holdings in Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock worth $912,000 after buying an additional 144 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its stake in shares of Netflix by 3.5% during the 4th quarter. DAVENPORT & Co LLC now owns 12,516 shares of the Internet television network's stock valued at $11,156,000 after purchasing an additional 426 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NFLX has been the subject of a number of recent research reports. Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. UBS Group boosted their price target on Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a research note on Wednesday. FBN Securities initiated coverage on Netflix in a research note on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 price target for the company. Rosenblatt Securities boosted their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, Morgan Stanley boosted their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,149.91.

Netflix Price Performance

Shares of NFLX traded up $21.72 during mid-day trading on Wednesday, hitting $1,239.66. 2,353,706 shares of the stock were exchanged, compared to its average volume of 3,746,177. The company has a market cap of $527.56 billion, a PE ratio of 62.51, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,242.58. The firm has a 50-day moving average of $1,069.06 and a two-hundred day moving average of $980.69. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the prior year, the firm earned $8.28 EPS. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $4,472,273.97. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,300 shares of company stock valued at $169,146,939. 1.37% of the stock is currently owned by insiders.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.